UPS Financial News

Subscribe to enjoy similar stories. The business environment is set to turn favourable for non-banking financial companies (NBFCs), thanks to two recent developments. On 25 February, the Reserve Bank of India (RBI) eased risk-weight norms for bank lending to NBFCs, reducing it from 125% to 100%, effective 1 April.

Subscribe to enjoy similar stories. UltraTech Cement Ltd’s decision to enter the cables & wires (C&W) industry has caused jitters across stocks in the sector on fears of heightened competition. Shares of Polycab India Ltd, KEI Industries Ltd, Havells India Ltd, RR Kabel Ltd and Finolex Cables Ltd fell by 5% to 20% on Thursday.

Subscribe to enjoy similar stories. NEW DELHI : Opting for a higher pension under the Employees' Pension Scheme (EPS) seems to have become a procedural nightmare for employees. Some people who applied for it after the Supreme Court order in November 2022 are still waiting for the Employees' Provident Fund Organisation (EPFO) to accept their applications.

Kolkata Municipal Corporation Sustainability, Hygiene, and Resilience (Sector) Project, will improve the living conditions and health outcomes, particularly for vulnerable groups including women and children, ADB said in a statement.

Domestic benchmark index NSE Nifty ended 2.5 points down at 22545.05, while the BSE Sensex closed 10.31 points up at 74612.43.

Maha Kumbh Mela drew not just millions of spiritual seekers but also provided economic opportunity for many gig workers and small vendors, who were able to utilise the 45-day grand religious gathering as a source of livelihood by selling essentials and offering services. Mahakumbh Nagar — a makeshift city set up for the Maha Kumbh — hosted over 66 crore devotees, who came here in hope to find 'moksha' after a dip in the sacred waters of Triveni Sangam.

Shares of Sobha Ltd.(up 0.76 per cent) and Brigade Enterprises Ltd.(up 0.3 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. More than $600 billion in market value has evaporated in Tesla stock since mid-December. That decline has shaved some $140 billion of Elon Musk’s net worth.

Subscribe to enjoy similar stories. The hardest thing about being Nvidia these days is living up to the recent past. Nvidia’s fiscal fourth-quarter report late Wednesday continued the AI titan’s string of impressive results.

Subscribe to enjoy similar stories. The Best Picture nominees at this year’s Oscars include two movies whose main characters embody a political truth that escapes too many of America’s Republicans and Democrats. Unfortunately, only one of the films allows viewers to see it.

Shark Tank India. The founders of Eat Better Co made the ‘Sharks’ sit up and take notice when they revealed their startup had earned Rs 1 crore per month from just Blinkit.

cryptocurrency developed by Pi Network, has recently transitioned to its open mainnet on February 20, 2025, enabling external transfers and exchange listings. This significant milestone has led to Pi Coin being listed on major crypto exchanges, including OKX, Bitget, and CoinDCX, facilitating increased accessibility for trading. The launch has generated substantial interest, with Pi Coin's price experiencing notable volatility. A surge of over 35% in the last 24 hours, bringing its total gains since launch to 326%, amid speculation about a potential Binance listing. But does this mark the beginning of a true crypto revolution, or is Pi Coin still a speculative asset?

«Now, one could argue that post COVID we have seen fairly good growth in the mid and small pockets and which is possibly now normalising, but also the flows have been extremely strong in that particular segment and if you were to look at very long-term returns and valuation charts, we can clearly see that these tend to mean revert and our sense is that mean reversion could even sharper if the flows were at risk at some point in time,» says Christy Mathai, Quantum AMC. Firstly, help us with your take on the markets going under the correction mode and do you believe that the bottom could be near, we might be hitting the bottom anytime soon or do you believe that the pain can elongate for a little longer time than now? Christy Mathai: So, our sense of the markets is let us say from the peak of the market, Sensex would have fallen by about 12% near about and if you look at some of the broader indices, the fall could be much higher. So, if you were to look at the very large universe of the stocks which is listed today, almost 70% of them would have fallen by about 30% or more from their peaks. So, it looks like some correction has gone in in that broader markets but if you were to just look at the valuation standpoint, let us say a midcap index versus largecap index one year forward, so that number is still at a premium of 37%.

Nirmala Sitharaman on Thursday said India needs to ramp up its bilateral relations for trade and investment, as the world is witnessing a churn, and bilateralism seems to be the new catalyst tool. Speaking at BS Manthan, the Finance Minister said these are very interesting yet challenging times and the government is making all efforts to make India move up the ladder and be an engine of global growth.

In its annual report today (27 February), Jupiter said £5.8bn of outflows came from retail clients, while £4.5bn from the firm's institutional channel. Overall, 2024 redemptions were significantly higher than the £2.2bn recorded a year before. The outflows were primarily the result of £6.2bn in net outflows from strategies previously under the value desk team, as star stock picker Ben Whitmore left Jupiter to set up Brickwood AM last year. Ben Whitmore's Brickwood AM launches inaugural fund Of these, £4.8bn were from segregated mandates and £1.4bn from mutual funds. According...

Aditya Birla Group firm UltraTech Cement, India's biggest cement company, has announced its entry into the sector with Rs 1,800 crore investment planned over the next two years which include a plant in Gujarat.

G Kishan Reddy said Thursday. Addressing a press conference on the Indian mining sector, he said while states can levy higher taxes after a Supreme Court order allowing the same, it should be avoided due to the adverse impact on consumers. Elaborating on the centre's stand on the issue, Mines Secretary V L Kantha Rao said, we have asked states to come up with a stable regime for taxing minerals so that companies have better visibility when starting operations.

Employees' Provident Fund (EPF) linked Insurance (ELI) to ensure smooth financial planning. Here are some of the important financial tasks that should be completed before the end of the financial year on March 31,2025.

Indian American entrepreneur recently courted controversy on social media by asserting that Indian employees have questionable work ethics. Entrepreneur Hari Raghavan recently came out in defense of the controversial AI startup Optify, which aims to monitor the activities of factory workers.

«We need to watch the net FII futures index positioning also, where they have been holding the highest short position on record and does that really see a significant reduction because then that would signal a change in stance from the institutional player, but so far that is the setup,» says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. This particular series has not been that great for all the bulls out there. We have been testing lower lows for ourselves. But what are the cues for the next expiry and what kind of a rollover data you are reading into? Rohit Srivastava: Some reduction in the total futures open interest when we actually look at the final data and that would give us a sign that some level of capitulation actually ended up happening because even at the end of last month, there was some reduction, but it did not really take the positioning down to new lows.